This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:Ledyard Financial Group Reports Financial Results for the Third Quarter 2009-11-03 11:01 ET - News Release
HANOVER, N.H. -- (Business Wire)
Ledyard Financial Group, Inc. (ticker symbol LFGP), reported its
financial results for the third quarter of 2009 today. Some of the
highlights were:
-
Ledyard Financial Advisors reported record revenue for the third
quarter.
-
Revenue from new business at Ledyard Financial Advisors totaled
$751,000 for the first nine months of 2009.
-
Assets under management and custody at Ledyard Financial Advisors
totaled $744.5 million as of the end of the third quarter of 2009.
-
Capital remains strong as shareholders’ equity was $33.0 million at
the end of the third quarter of 2009, a record high.
Net Income for the quarter ended September 30, 2009 was $350,108, or
$0.34 per share compared to $735,858 or $.72 per share for the same
period in 2008. Net Income for the nine months ended September 30, 2009
was $1,218,076, or $1.19 per share compared to $2,622,539 or $2.57 per
share for the same period in 2008. Total revenue [net interest income
plus non-interest income] for the quarter ended September 30, 2009 was
$4,825,670, compared to $4,940,270 for the same period in 2008. Total
revenue for the nine months ended September 30, 2009 was $14,574,783,
compared to $14,589,080 for the same period in 2008. Net Interest Income
for the quarter ended September 30, 2009 was $3,019,050, compared to
$3,324,675 for the same period in 2008. Net Interest Income for the nine
months ended September 30, 2009 was $9,444,817, compared to $9,670,114
for the same period in 2008. The decrease in loan balances was the
primary factor contributing to the decrease in Net Interest Income.
The remainder is available to Stockwatch subscribers.
If you would like to give the Stockwatch system a try,
click here for a free 30 day trial subscription. |
Top
Print this Page